KURTZ TRADING, LLC AUGUST 7TH VITUAL EQUIPMENT AUCTION TERMS AND CONDITIONS BUYERS PREMIUM: 4% OF TOTAL HAMMER PRICE PER ITEM WITH A CAP OF $1,200 EXAMPLE: HAMMER PRICE $10,000 x 4% = $400 PREMIUM AND $10,400 TOTAL PRICE HAMMER PRICE 30,000 x 4% = $1,200 PREMIUM AND $31,200 TOTAL PRICE HAMMER PRICE 50,000 x 4% (WITH CAP) = $1,200 PREMIUM AND $51,200 TOTAL PRICE 1)Kurtz Trading, LLC has described the Lot(s) in the catalog to the best of their ability. Kurtz Tradingundertakes no liability with respect to any faults, deficiencies or errors of any description, oral orprinted, nor do they accept responsibility for the authenticity, genuineness, origin, age, condition orquality of any Lot(s) and all statements as to these matters whether contained in the catalog or madeorally are statements of opinion only and not to be taken as being or implying a statement orrepresentation of fact. The Buyer has the sole responsibility with regards to verifying any and allinformation as it pertains to the Lot. 2)Each and every Lot is sold 'as is, where is'. Kurtz Trading provides no guarantees or warranties(express or implied) in respect of the Equipment contained in the Lot. All representations made by KurtzTrading, LLC, its employees or agents are to be considered lay opinions only and Kurtz Trading acceptsno liability for any purchase made by a Buyer in reliance upon them. 3)Lots sold in this virtual auction with a Ride and Drive. The following are terms outlining the conditions of the ride and drive option: Ride and drive constitutes an operational engine, drive train, hydraulic functions. Ride and drive does not cover: wear of any type, oil leaks, batteries, tires, tracks, under carriage, cosmetic damage, electrical system, codes and warnings, etc. If an issue arises with an item, buyer must notify auction management, on premise, immediately, at which time auction management and buyer will inspect item together for verification of issue. Issue must be agreed upon by both parties. Online bidders must exercise ride and drive option at THE AUCTION FACILITY by the end of business on the Friday following the auction. Online bidder’s not exercising ride and drive at the auction facility before taking possession of items purchased forfeit the right to the ride and drive option, NO EXCEPTIONS. The catalog is to be used as a guide only. Bidders are responsible to do their own research and due diligence before bidding. Information is taken from sources deemed to be reliable. Catalog has been prepared by humans, thus human error is always a possibility but never intentional. When available, serial number plates and hour meter/odometer pictures are provided for research purposes of potential online bidders. Year models stated are obtained from a 3rd party source deemed to be reliable and have not been verified by manufacturer, it is the sole responsibility of the potential bidder/buyer to verify year model through manufacturer before bidding. It is the buyer’s responsibility to do their own research on machine specifications, options, etc. as to the suitability of a particular machine for their application. Buying a machine that is not suitable for your application is not grounds for negating a transaction. Oral statements made the day of auction take precedence over printed material. **RIDE AND DRIVE OPPORTUNITY ENDS ON AUGUST 14TH** **RIDE AND DRIVE IS VOID ONCE THE ITEM LEAVES THE AUCTION YARD** **AFTER THE RIDE AND DRIVE DEADLINE, KURTZ TRADING WILL NOT OFFER REFUNDS, REPAIR ASSISTANCE, FREIGHT ASSISTANCE, ETC.** **ONCE IT LEAVES THE AUCTION YARD, IT IS YOURS** 4)Bidders will be held personally liable for any bids made with their Bidding Number. Kurtz Trading, LLC. will not be held liable for internet connection issues, improper understanding of the bidding process, or accidental bidding. If you are the highest bidder, you are the owner. 5)Applicable State of PA Sales Tax will be charged on all Lots unless you are exempt from Sales Tax and you provide a tax exemption form or exemption certificate that is acceptable to the State of PA. Kurtz Trading, LLC requires a NEW Sales Tax Exemption or Certificate for all auctions regardless if one was provided for a previous auction purchase. All invoices with a Sales Tax Balance Due will be considered Unpaid and the items will not be released. 6)Payment in full must be made by August 14th, 2024. After this date, a 1% fee per day will be applied to the invoice and buyer will be considered delinquent and reported to the online auction provider. 7)All purchases must be removed from the premises by August 21st, 2024. A $25 storage fee will be applied each day after. 8)The highest bidder for each Lot shall be the Purchaser, and in the event of any dispute the Auctioneers shall have absolute discretion either to settle such dispute or to re-offer the lot for re-sale. 9)The Buyer agrees to insure the Equipment purchased against all losses from the Auction Date until removal of the Equipment by the Buyer.