Notice: All Bidders of this auction agree that they have read and fully understand these terms and agree to be bound thereby. TERMS: Invoice will be charge to credit card on file at conclusion of auction. All property is sold "AS IS, WHERE IS" and "ALL SALES ARE FINAL". (With no warranty expressed or implied.) (*There is"no implied warranty of merchantability") It is the bidder's responsibility to determine condition, age, genuineness, value or any other determinative factor, prior to auction. Fairbanks auction Company will attempt to describe the merchandise in advertising, on the internet auction but makes no representations. In no event shall Fairbanks Auction Company, be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value. Fairbanks Auction Company reserves the right to withdraw or re-catalog items in this auction. Terms and Conditions: All successful buyers of this auction agree to the following terms and conditions; Fairbanks Auction is administering the total sale and liquidation of all HIPAS inventory including the sale of "fixed" assets. Many items purchased can be shipped or personally picked up at the HIPAS site Two River Alaska, 25 mile Chena Hot Spring Rd. (Large items) or Fairbanks Auction location (small items) 3550 Geraghty St. Fairbanks Alaska. To the closing of the auction successful buyers of inventory should allow up to thirty (30) days for handling and shipping. Almost all shipping and the onsite pickup will be completed in the first two weeks following the close of the third auction. However, Fairbanks Auction reserves the right to ship your purchase up to 30 days following the close of the third auction FIXED ASSETS SPECIAL TERMS AND CONDITIONS: Purchases called "fixed" assets require a scheduled time table for removal. The scheduled time table for removal of fixed assets will allow for the orderly scheduled disassembly of HIPAS Observatory. It is anticipated that the removal and dismantling will be over a 15, 30, and 60 day period. Fixed assets are defined as any purchase that requires unbolting, cutting, jacking, lifting, dismantling, moving through the use of skids, timbers, and is structural in nature, with or without a foundation. If the asset is on wheels and is towable or can be lifted by means of a fork lift on to a trailer, without any of the above it is not considered a "fixed" asset. As a general rule if anchored down or bolted then the above terms and conditions apply. Bidders are responsible for knowing if the Lot they are bidding for in the auction has special terms and conditions. Successful Bidder/buyers of Lots under special terms and conditions will sign and date the standard Sales Agreement. In addition buyers may be required to obtain Certificates of Insurance such as: General Liability Insurance with designated minimum limits naming UCLA&UAF as the certificate holders. If buyers have paid employees on the Site then the employees must be covered by Workers Compensation Insurance and a copy of the certificate made available. Any failure to provide and maintain the above applicable insurance throughout the dismantling period and (or) removal of fixed assets on HIPAS property will be deemed a breach of the purchase agreement and all monies expended by buyer are forfeited. Buyer agrees that all damages monetary and non-monetary by buyer's failure to perform are collectable by HIPAS/UCLA. Buyer agrees that scheduling dates for performance of buyers to remove purchase from HIPAS Property roest with the HIPAS Manager. Buyer will outline a Scope of Work (SOW Plan) for removal of his purchase prior to commencing removal and sign and date the plan providing an original to the HIPAS Manager for approval. Bidder/buyer agree and understand that HIPAS will be without electricity and other typical amenities as fixed assets are removed from HIPAS. It is the buyer's responsibility to have incorporated in the SOW how the buyer will proceed for completion of his purchase removal. There is no equipment at the HIPAS site. Buyers will maintain their work area in a safe and "policed" manner everyday throughout the duration of the purchased item removal. No trash, construction material or waste will be left in the work area or perimeter area. A final inspection and sign off by HIPAS/UCLA of the work area where the purchased item was dismantled or removed will be performed. Download a copy (Exhibit E) Terms and Conditions (Exhibit F) Sales Agreement (Exhibit G) Removal Schedule and Procedures From Fairbanks Auction Website fairbanksauction.com