MAXXAUCTION ('AUCTIONEER') MAKES NO GUARANTEES OR WARRANTIES EXPRESSED OR IMPLIED, STATUTORY OR OTHERWISE, AS TO, BUT NOT LIMITED TO, CONFORMITY TO ANY SAFETY DESIGN OR POLLUTION STANDARD OR TO ANY OTHER STANDARD OR REQUIREMENT OF ANY APPLICABLE AUTHORITY, LAW OR REGULATIONS, FITNESS FOR ANY PARTICULAR PURPOSE, AND/OR MERCHANTABILITY OR PARTICULAR AGE, YEAR OF MANUFACTURE, MODEL, SERIAL OR OTHER NUMBERS, MAKE, CONDITION OR MILEAGE. EACH AND EVERY SALE SHALL BE MADE AND ACCEPTED AS IS, AND AT BUYER'S RISK. THE BUYER SHALL PAY ALL COSTS FOR ANY REPAIRS. DO NOT BID UNLESS YOU HAVE DETERMINED THE CONDITION OF THE LOT FROM YOUR OWN INSPECTION. LOTS ARE SOLD QUANTITY TIMES THE $$$$ - ALL SALES FINAL - BY REGISTERING YOU ARE AGREEING TO ALL TERMS NO REFUNDS ON ANY ITEMS LEFT AFTER PICK UP DATES - NO EXCEPTIONS: ANY ITEMS LEFT AFTER CHECK OUT WILL BE SUBJECT TO DISPOSAL FEES 1. Any announcements by Auctioneer take precedence over any printed matter pertaining to this auction. 2. Auctioneer reserves the right to refuse registration to anyone and to reject the bid of anyone who has not registered and obtained a Bidder's number. Anyone bidding for an account other than his own must register to that effect, by registering Bidder warrants and represents that he is authorized to bid on behalf of the party represented. 3. Full settlement to be made day of sale. Buyer is not entitled to possession of any of his purchases until the total price of all his purchases has been fully paid in currently collectible funds. Except as noted, Buyer must pay for all purchases in U.S. funds the day of the auction by cash, cashier's check, or wire transfer made payable to: MaxxAuction ** Bidder must keep a deposit with the Auctioneer of twenty-five percent of the award bid at all time. Auctioneer may determine that for any major lot, as determined solely by Auctioneer, Buyer shall pay a twenty-five percent deposit of the purchase price upon acceptance of the bid; the balance of the purchase price shall be paid by the completion of the auction. 4. All lots shall be sold to the highest Bidder as determined by the Auctioneer. When the hammer falls and a bid is claimed by two or more Bidders, the Auctioneer shall reopen the bidding between those tied Bidders until there is only one high Bidder. The Auctioneer shall at his own discretion decide whether a 'late bid' is made before the hammer is struck down. All sales are final when the auctioneer declares the item sold. **Please note that Lot by Lot Bids are not valid until all Lots have been sold. 5. All applicable sales, use, transfer or excise taxes shall be added to the purchase price of all taxable purchases unless the Buyer, files with the Auctioneer proof of exemption from all such taxes in a form satisfactory to Auctioneer and the applicable governing authority for the locale in which the auction is being held. Buyer shall reimburse Auctioneer for any sales tax not paid by Buyer which Auctioneer is compelled to pay. MUST BRING COPY OF CALIFORNIA RESALE CERTIFICATE WHEN REGISTERING - NO EXCEPTIONS - OR SALES TAX WILL BE ADDED 6. No sale shall be invalidated and no liability shall be borne by the Auctioneer or Seller due to any defect, error or inaccuracy of description of the lot either in the listing catalog, in any advertising, marketing or other printed materials, or in any statement by Auctioneer or his agents, servants or employees. All such written material and statements are merely descriptive guides, and although they have been compiled from sources deemed reliable, neither Auctioneer nor Seller guarantees or warrants their accuracy. All purchases made by Bidder shall be based solely upon Bidder's personal inspection and/or opinion of the equipment, and Bidder hereby acknowledges that all items were available for inspection prior to the auction. 7. Buyer is responsible to insure purchases immediately and to remove all purchases from the auction site after the sale in accordance with the procedures announced or posted at the sale. Buyer is responsible to repair and restore any damage to real property or permanent improvements caused by removal of the goods purchased. Buyer shall bear all costs, responsibilities and risk of such removal, including performance by hired truckers. Auctioneer reserves the right to require proof of adequate insurance coverage from any Buyer of lots requiring dismantling, rigging or hot cutting. Buyer agrees to indemnify and hold harmless the Auctioneer from and against any damage to property or injury to person or loss of life occasioned, directly or indirectly, by the acts of the Buyer and/or Buyer's representatives, agent or employees in connection with the dismantling or removal of any lot. In the event a Buyer fails to remove any lot within the time specified, such lot, at the discretion of the Auctioneer and without notice, may be deemed to have been abandoned to the Auctioneer, and the Auctioneer, at his sole discretion shall have the right to resell such lot as provided in paragraph 8 or to remove and store said lot at Buyer's sole risk and expense. Buyer shall be liable for any rent incurred or damages sustained by Auctioneer due to Buyer's failure to remove any lot when due. No lots may be removed until the end of the auction. 8. Auctioneer reserves the right to resell any items on the sale date in accordance with paragraph 3 above and/or any property deemed abandoned to Auctioneer as described in paragraph 7 above. Such items may be resold without notice to Buyer, and Buyer shall be responsible to Auctioneer and Seller for all expenses of any nature whatsoever relating to such resale and collection and for any damages of any nature whatsoever to Auctioneer and/or Seller resulting from such resale. Such expenses and damages shall include, but shall not be limited to, commission of 16% and any deficiency arising between the amount of the initial sales price and the net amount brought upon such resale. Auctioneer may, at its sole option, elect to retain all monies deposited in part payment as liquidated damages and otherwise cancel Buyer's contract of purchase. 9. Auctioneer may, at any time and at his sole discretion and without notice or liability to Bidder, withdraw or cancel the sale of any lot, or offer any lots in groups or with special terms. Auctioneer reserves the right to accept or reject any bid which is merely a fractional advance over the preceding bid. 10. The Buyer is solely responsible to inspect all equipment to insure it is in a condition where it can be safely used, to provide proper safety devices and equipment or means to meet all governmental safety standards, and to notify all persons operating the equipment as to all attendant dangers. The Buyer hereby assumes these responsibilities and agrees to indemnify and hold the Auctioneer and Seller harmless from any future claim pertaining to (1) fitness or use of that asset as purchased; (2) provision of proper safety devices or equipment; (3) notification and warning of Buyer and its representatives, agents, employees, any other users or subsequent Buyers, as to the dangers and risks attending operation of the equipment; and (4) the condition of the equipment. 11. The terms of sale and rules of the auction shall be governed by and interpreted pursuant to and under the laws of the state of California. Auctioneer and bidders/buyers agree and consent that this agreement shall be performable in San Diego County, California and that jurisdiction and venue of any lawsuit arising in any way from the auction or events occurring at the auction site shall be conferred upon the courts of San Diego County, California. 12. It is anticipated that items will be sold at this auction belonging to owners not disclosed.