Welcome to the Annual Oilfield Surplus Auction including inventory from the primary North Slope companies and other major industrial companies. This auction includes Heavy Equipment, Vehicles, Trucks, Industrial Products, Construction Equipment, Pipeline Surplus, and more. All terms and conditions applicable to material consigned shall likewise be applicable to any and all additional Consignors, as appropriate. Immediately upon bid award, Buyer is responsible for securing lot(s) to the maximum extent possible to protect from weather, theft, or any other loss. Recommendation or approval of cargo carriers or handlers by any employee or any affiliated entity of 1stStrike, shall be done only as an accommodation to the Buyer. Buyer acknowledges and agrees that they shall have no rights or remedies based upon any act or omission by a cargo carrier or handler. Loading assistance is provided as a courtesy, however, purchaser assumes all risk and responsibility for loading and removal of purchases. 1stStrike reserves the right to require proof of adequate insurance coverage from any purchaser for items requiring dismantling, rigging, or hot cutting. Documents of transfer, including motor vehicle ownership documents will be provided to the purchaser within seven days following the auction or as soon thereafter as such documents are available. Image and audio video recordings of the auction are allowed only by permission of 1stStrike. Participation in this auction by any person constitutes permission to allow the use of and publication of said recordings. Participant contact information may be used for marketing purposes. Sale day announcements supersede any and all previously published or oral information. The terms and conditions in this catalog, the registration form, posted signs, along with any modifications expressly made by the auctioneer at the time of the auction constitute all the terms and conditions with respect to the sale of items at this auction. Load-out deadline is June 24, 2023. Storage fees of $100 per day, per lot apply thereafter. Failure to pay for auction purchases is considered to be a breach of this contract and the bidder agrees to pay 1stStrike 12% of invoice total as a non payment fee. In the event that the Bidder fails to pay, collection will be enforceable by liens placed on the non-paying bidder’s assets. AUCTION SALE TERMS AND CONDITIONS 1. 1stStrike Asset Management, (hereinafter 1stStrike), is conducting this auction sale for Property Owner, (hereinafter Consignor). 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 thereof. Consignor and 1stStrike 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 1stStrike, Consignors 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. 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, 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 advertisement, catalog, inventory or other document provided to Buyer by Consignor 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 themselves 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 June 20, 2023 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 total payment is received, or good funds are verified by 1stStrike. 6. Title shall pass to Buyer upon receipt by 1stStrike of the total purchase price. Risk of loss or damage shall pass to Buyer on the day of sale. Titles lost by Buyer which require 1stStrike to acquire a new title will incur a non-negotiable $200 title processing service charge in addition to any associated DMV fees. 7. All material must be removed from the auction site's premises on or before June 24, 2023. Removal time is of the essence. A non-refundable storage fee of $100 per day, per lot will be charged to Buyer for all remaining surplus equipment, beginning 12:01 am, June 25, 2023. 1stStrike reserves the right to cancel all sales and reclaim title to any and all surplus materials still remaining on their premises after 12:01 am, June 25, 2023. Buyer agrees to hold Consignor and 1stStrike 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 their obligations hereunder. All expenses of storage, resale, and disposal shall be borne by Buyer. In the event of such cancellation and resale, payments made by Buyer on account of the purchase price may be applied against expenses of storage and resale and against further damages sustained by Consignor or 1stStrike, but if payment is not sufficient to cover expenses. Buyer remains responsible for any disposal or resale fees. 8. Buyer shall be deemed to have inspected the premises and to be familiar with all conditions relative to removal of material. 9. The Auctioneer shall designate 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. His designation of a Buyer shall be final. 10. 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. 11. Neither Buyer's rights nor Buyer's obligations shall be assigned in whole or in part without prior written approval of 1stStrike. 12. Buyer agrees to pay and satisfy all claims for labor and materials employed or used by him in connection with or arising out of their purchase of auction lots, to permit no liens of any kind to be fixed upon or against Consignor or 1stStrike's property by their laborers, mechanics, or suppliers and to indemnify, protect and save Consignor and 1ststrike 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, Consignor 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. 13. Buyer assumes all risks incident to being on Consignor's or 1stStrike's premises (whether owned or leased) and/or incident to this sale or the material sold. 14. Buyer agrees to defend, indemnify and save harmless Consignor and 1stStrike 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 Consignor, 1stStrike, or their respective agents, employees, or representatives, is a contributing cause thereof. 15. Buyer shall comply, and secure compliance by their 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 Consignor and 1stStrike from and against any liabilities and penalties which may be imposed on them by reason of any violation of alleged violation of law by Buyer or their contractors, agents, employees or representatives. 16. Buyer agrees to obtain Consignor's approval prior to making publicity releases of announcements regarding Buyer's activities or participation in connection with this sale. Use of Consignor's name or any variant thereof without the prior written approval of Consignor is prohibited. 17. Buyer shall carry out this transaction in a good, businesslike, and efficient manner. 18. All rights and remedies of Consignors and 1stStrike described herein are cumulative. Nothing contained herein shall in any way limit other consistent rights or remedies. 19. This transaction and the terms and conditions hereof shall be construed in accordance with and governed by the laws of the State of Alaska. 20. 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, alterations or notifications to the agreement shall be effective unless in writing and signed by both parties hereto. 21. 1stStrike's premises is an active work area, and all persons entering the premises do so at their own risk. 1stStrike 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. Check-out Procedure 1. All purchases must be paid in full by June 20, 2023 and no partial payments will be accepted. 2. Failure to remove all purchases by the end of the load-out period, June 24, 2023, 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. 3. A non-refundable storage fee of $100 per day, per lot will be charged to Buyer for all remaining surplus equipment, beginning 12:01 am, June 25,, 2023. 4. 1stStrike reserves the right to cancel all sales and reclaim title to any and all surplus materials still remaining on their premises after 12:01 am, June 25, 2023. 5. All Buyers must report to the gate guard prior to entering the surplus yard. 6. If you make arrangements for a transport company or third party to transport your surplus materials, please be sure to make prior arrangements in writing providing the name of the transportation company or individual that will be transporting your items. Individuals will be asked for a photo id before items will be released for pickup. 7. All loads must be securely tied down by Buyer, so that they meet all federal, state and local motor vehicle codes. In the interest of public safety, no unsafe loads are to be removed from the yard. This requirement is being made in cooperation with local Fairbanks and Alaska State Police