PENDERGRASS #1-12

Terms & Conditions: Complete payment day of auction by cash, certified funds, cashier's check or check w/ irrevocable guaranteed letter of credit from bank or other methods Dakil Auctioneers, Inc. Immediate possession of all equipment upon proper settlement. All vehicles & equipment are being sold on an as-is basis. No warranties or representations of any kind as to the condition of these items are either implied or intended. A $1,000.00 deposit is required to pre-register for Dakil Auctioneers on-line auction and said $1,000.00 will be applied to the purchase price for items purchased by the bidder. If the bidder fails to perform on its contract the $1,000.00 will be forfeited as liquidated damages. BIDDERS MUST CONDUCT THEIR OWN DUE DILIGENCE PRIOR TO BIDDING AT THE AUCTION. BIDDERS SHALL RELY UPON THEIR OWN EVALUATIONS OF THE PROPERTIES AND NOT UPON ANY REPRESENTATION EITHER ORAL OR WRITTEN, OF THE TRUSTEES OR DAKIL AUCTIONEERS, INC THE TRUSTEES AND DAKIL AUCTIONEERS, INC. PROVIDE NO WARRANTIES OR GUARANTEES EITHER EXPRESS OR IMPLIED. TRUSTEES NOTE: The auction is of bankruptcy estate interests and as such the bankruptcy trustee rely for the most part upon the bankruptcy debtors representation of ownership. The trustees do not have the resources to investigate the nature and extent of oil and gas interests offered for sale. All property is sold AS IS and ALL SALES ARE FINAL. Property is open to thorough public inspection. It is the Bidder's responsibility to determine condition, age, genuineness, value or any other determinative factor. Dakil Auctioneers, Inc. may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations. In no event shall Dakil Auctioneers, Inc. 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. Bidders who bid from off site and are not present at the live auction or preview understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder's responsibility to determine condition, age, genuineness, value or any other determinative factor. Dakil Auctioneers, Inc. shall endeavor to describe in detail each item and any pertinent information about it. Dakil Auctioneers, Inc. will not be responsible for any errors or omissions in the description of the merchandise unless it is a material and intentional misrepresentation of the item itself. Bidder agrees that everything is sold as is and that they may not return any item they purchase. Dakil Auctioneers, Inc. is providing Internet pre-auction and live bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Dakil Auctioneers, Inc. or anyone else if the Internet service fails to work correctly before or during the live auction. Dakil Auctioneers, Inc. will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction begins. Dakil Auctioneers, Inc. reserves the right to withdraw or re-catalog items in this auction. By registering and bidding, I have read and agree to and will abide by the policies listed above. If I fail to abide by the this agreement all sales are void in favor of Dakil Auctioneers, Inc. I agree to abide by the policies listed on credit card receipt. ALL SALES FINAL/AUCTION ITEMS SOLD AS IS