FEDERAL FIREARMS LICENSE HANDLING POLICY All firearms not identified as antique will require compliance with federal and state regulations pertaining to the sale and transfer of modern firearms, as noted with asterisks in our printed and online catalogues. It is the sole responsibility of the buyer to know and comply with all state firearms regulations. Unless specified below, all transfers of modern handguns must take place at Cowans, LLC. There will be no exception made to these rules and regulations. All firearms not identified as antique, will require compliance with the following agencies, as noted with asterisks in our printed and online catalogues. There will be no exception to these rules and regulations. * Indicates the weapon is regulated by Federal Firearms laws. ** Indicates the weapon is regulated by Curio & Relic classification of the Federal Firearm laws *** Indicates the weapon is regulated by the National Firearms Act of 1934. 1. HAND GUNS: Non-Ohio resident buyers of handguns must first pay for their purchases before leaving the auction. All modern hand guns must be retained by an agent. All buyers must make arrangements with a local firearms dealer in their resident state to provide Cowan’s a copy of the FFL license holder to whom any modern handgun will be shipped. Upon receipt of the copy of this license, a purchase will be packaged and shipped (at the buyer’s expense) to the appropriate FFL holder. This is a federal law and must be complied with regardless of a buyer’s resident state. Please allow up to four weeks for delivery. Ohio residents may take possession of a modern handgun immediately after their purchase, provided they successfully complete a NICS background check which can occur on the auction premises or afterwards. Such transfer shall be made by Cowan’s. 2. MODERN LONG GUNS: Both residents and non-residents may take possession of modern long arms by first paying, then filing an ATF form 4473 and completing the NICS background check. SPECIAL NOTE: In most cases, the NICS process can be approved or denied on the same day. Exceptions may take up to 3 business days. For further information, you may contact the NICS information line at 304.625.2750 or view the information on the website at: http://www.fbi.gov/program/nics/index.htm 3. ANTIQUE GUNS: May be purchased and removed from the auction premises on the day of sale by anyone, resident or non-resident. Antique firearms are defined as 1898 and prior production. DISCLAIMER: Neither Cowan’s LLC, their consignors, employees or agents warrant the safety or the shootability of any firearm sold. All firearms in this catalog are sold as collector items. Buyers wishing to fire ANY firearm purchased in this auction are strongly advised to have the weapon(s) examined by a competent gunsmith who will test the weapon for its shootability and also to ensure that the caliber of the breech is, in fact, the caliber that it is thought to be. COWAN’S LLC CLASS III LICENSE POLICY Hindman LLC, DBA Cowan’s Auctions, in Cincinnati, Ohio is a recognized dealer in Class III items and is recognized as a (63) NRA Firearms Dealer and will comply with all regulations. Buyers are expected to know their states laws and regulations on machine guns prior to bidding. The following states currently do not allow individuals to own machine guns: California, Hawaii, Illinois, Iowa, Kansas, Maine, Michigan, Mississippi, New Jersey, New York and Rhode Island. For more details and an up to date list of states, please visit the website for the Bureau of Alcohol, Tobacco, Firearms and Explosives at www.atf.gov. The three forms necessary to fill out upon purchase of machine guns will be supplied by Cowan’s Auctions. These forms are: 1) ATF Form #4 (and possibly ATF Form #5) 2) Fingerprint Card, and 3) ATF form 5330.20 Certificate of Compliance. 1. Cowan’s Auction policy is that the buyer will assume all transfer fees relating to the purchase of Class III weapons. 2. All buyers are expected to promptly fill out paperwork and comply with all related laws and regulations. 3. Please allow up to three months, if necessary, for paperwork to be completed to transfer a machine gun.