Terms & Conditions These are the complete and only terms and conditions on which all property is offered for sale. By bidding in this auction, prospective bidders agree to be bound by the following: Registration All bidders must register their name, permanent street address (no P.O. Boxes please), and phone number prior to the auction. Terms of Sale The highest bidder for each lot shall be the buyer, and if any dispute arises as to any bidding, or between two or more bidders, at the sole discretion of the auctioneer, the disputed lot shall be put up again at the last undisputed bid and resold. Buyer's Premium LIQUID ASSET PARTNERS LLC will charge and retain a non-negotiable 15% buyer's commission from the proceeds of any sale on the final bid of each lot sold ("Buyer's Premium"). A 2% discount will be given to payments made via wire transfers or bank certified checks. Taxes Where required by law, Buyer shall pay to LIQUID ASSET PARTNERS LLC sales tax. Tax will be added to the purchase price of all purchased items, as well as the Buyer's Premium. At the time of payment, dealers who purchase for resale must supply LIQUID ASSET PARTNERS LLC with completed copy of the tax exempt form, call our office if you need such a form 616-719-5917. Payment Only credit cards, bank certified checks, and wire transfers are acceptable methods of payment. Bidders are required to pay for their purchases immediately after the conclusion of the auction. Payment is due in full within 48hrs after the end of the auction. IF LIQUID ASSET PARTNERS LLC HAS NOT RECEIVED PAYMENT FOR WINNING BIDS WITHIN 48 HOURS, THE BIDDER AUTHORIZES LIQUID ASSET PARTNERS LLC TO CHARGE THEIR PURCHASES TO THE CREDIT CARD LEFT ON FILE DURING THE REGISTRATION PROCESS. Lot Descriptions LIQUID ASSET PARTNERS LLC does not warrant the condition of any lot sold. ALL PROPERTY IS SOLD AS IS, and neither LIQUID ASSET PARTNERS LLC nor the consignor makes any warranties or representations of any kind or nature with respect to the property or it's value, and in no event shall they be responsible for correctness of description, genuineness, attribution, provenance, authenticity, authorship, completeness, condition of the property or estimate of it's value. No statement (oral or written) in lot descriptions, at the auction, or elsewhere shall be deemed such a warranty or representation, or any assumption of responsibility. Prospective bidders are urged to contact LIQUID ASSET PARTNERS LLC directly for detailed information regarding any lot. THERE SHALL BE NO RETURNS FOR ANY REASON. The maximum obligation of Liquid Asset Partners for any disputes it to refund the purchase price. After the Auction Successful bidders are expected to pay for their purchases immediately. IF PAYMENT IS NOT RECEIVED WITHIN 48 HOURS BIDDERS AUTHORIZE LIQUID ASSET PARTNERS LLC TO CHARGE THEIR PURCHASES TO THEIR CREDIT CARD LEFT ON FILE. Shipping It is the buyer's responsibility to arrange packing and shipping of any and all lots purchased. It is the responsibility of the buyer to pay for all shipping and handling charges. LIQUID ASSET PARTNERS LLC will need to see a paid invoice before removing any and all purchases. Removal No items may be removed until the auction is completed, and payment has been made in full. After payment is received in full by Liquid Asset Partners. Buyer will be given until close of business at 5:00pm(eastern) on July 11th, 2012 to remove any items purchased, if additional time is needed buyer MUST get approval from Liquid Asset Partners prior to bidding. IF ITEMS ARE NOT REMOVED WITHIN THIS TIME FRAME, BUYER FORFEITS ITEMS AND ANY PAYMENTS RECEIVED BY LIQUID ASSET PARTNERS. Removal Procedures 1. NO MERCHANDISE WILL BE RELEASED DURING THE AUCTION SALE. 2. Pay your invoice in full. After payment is received in full by Liquid Asset Partners, a release form will be given to the buyer. This form MUST be shown to the store manager before any items will be released to the buyer. NO EXCEPTIONS. 3. Buyer is responsible for all removal, and needs to contact Liquid Asset Partners about removal procedures. 4. If there is any issues buyer MUST contact Liquid Asset Partners prior to removal of any items, so we can try to resolve any such issues. Additional Check-Out Procedures 1. Buyer is responsible for providing his own forklifts and material handling equipment to be used in the removal of Buyer's lots. 2. Small Lot Removal: LIQUID ASSET PARTNERS LLC is not responsible for any missing or lost small lots if they have not been removed within 48 hours of the conclusion of the sale. There will be NO removal of any lots until the auction is complete. 3. It is solely the Buyer's responsibility to properly remove all fluids, oils, hazardous chemicals, etc., from machinery purchased at this auction. All oils should be properly stored in the appropriate containers (sealed drums). 4. Failure to remove all lots by the removal date results in Buyer's violation of the terms of the auction sale, providing LIQUID ASSET PARTNERS LLC with the right to exercise any options. Buyer will be solely responsible for all costs of these options.