(2) CANFIELD Bushing & (3)

TERMS All purchases are to be "PAID IN FULL" in negotiable U.S. Funds on Sale Day. Cash, Cashier's & Traveler's Checks or Wire Transfers will be accepted as payment. (NOTE: Cash transactions over $10,000 in U.S. Funds are reported to the IRS). Company or personal checks will be accepted provided they are accompanied by a BANK LETTER OF GUARANTEE guaranteeing payment. The buyer waives the right to stop payment on any check or monies given as payment. No drafts accepted. The buyer may receive purchases upon completion and execution of all funds (check-out procedures are defined in the inside cover of auction catalog). The Auctioneer reserves the right to hold any purchases until all funds have cleared the Auctioneer's Bank and to hold ALL purchases on partial payment. A 2% late fee will be charged if payment is not received in full within 5 business days of receipt of the invoice. A 5% Administrative Fee will be charged on all purchases. An additional 2.5% Fee will be charged for Internet Bidding. BIDDER REGISTRATION All perspective Buyers and Bidders must register and receive a bidder number at ALL Kruse Energy & Equipment Auctioneers auctions. Anyone bidding on behalf of a third party must also register to bid and will be held responsible and liable for all purchases. No person shall bid on any item they own or on behalf of the owner. No exceptions! Buyers names are to remain confidential. The Auctioneer reserves the right to refuse any person a bidder number and may revoke the bidders' privileges at any time. RESALE OF MERCHANDISE The Auctioneer reserves the right to reclaim any or all merchandise for any unpaid purchases in part or in full. Buyer agrees to pay any deficiencies from the initial sales price and all expenses incurred including attorney's fees on merchandise that must be resold. In the event a buyer chooses to resale a lot, they must make up any deficiencies from the initial sales price. The resale of any merchandise is at the sole discretion of the Auctioneer. SALES TAX Buyer agrees to pay all applicable sales tax on all purchases, unless the buyer provides proof of exemption that is issued by the appropriate state or local Government Agency. Buyers must meet exemption requirements of the state or local Government Agency at the location in which the auction is held. Buyer also agrees to pay any sales tax that may be assessed after payment has been received. WARRANTY OR GUARANTEE Every item is sold "AS IS, WHERE IS, WITH ALL FAULTS" and without warranty or guarantee of any kind, either written, expressed or implied, as to merchantability or fitness for a particular purpose or otherwise. There are no warranties or guarantees as to year, make, model, serial number, condition, performance, and/or dotting & numbering, and/or digital slide production. All items are listed as accurately as possible and information is derived from sources deemed reliable. However, Buyer must inspect all items personally and accept with any faults or defects. Buyer in no way holds Auctioneer or Seller responsible for any defects, inaccuracies or errors in any way. All announcements sale day supersede any printed material. CONTESTED OR TIE BID / LOTTING In the event two (2) or more parties claim the same bid at the fall of the Auctioneer's gavel (sold), the Auctioneer may re-open the sale and commence the bidding between said parties until a high bidder and new owner is established. This is entirely at the sole discretion of the Auctioneer and he may elect not to re-open the bidding if he deems the bid was late and the item was considered sold. The Auctioneer may also refuse any bid he deems as a mere fractional advance. The Auctioneer reserves the right to group, withdraw or break-apart any lot he determines is necessary. INDEMNIFICATION & HOLD HARMLESS / INJURY & DAMAGES Bidders and their agents, employees or representatives agree to hold harmless Kruse Energy & Equipment Auctioneers, its agents, employees or representatives along with the same for the Seller for any damages, injury or death occurring on or near the auction site. The auction site shall include any yard or location at which any lot is located as well as the actual location where the bid calling is conducted. The Bidder agrees to enter any site at their own risk. No person shall have any claim against Kruse Energy & Equipment Auctioneers, its agents, employees or representatives along with the same for the Seller or Site Owner for any injury, damages or loss of life which may occur from any cause or nature. The Buyer also agrees to the same terms for load-out and check-out on all auction sites and will provide insurance where applicable. TITLES / BILLS OF SALE All Titles and Bills of Sale, along with other pertinent documents will be mailed from Kruse Energy & Equipment Auctioneers' Odessa office within a reasonable time period following the auction, allowing for satisfactory collection of all negotiable funds. Delivery of such documents is subject to receiving the documents from the Seller. Kruse Energy & Equipment Auctioneers is acting as agents only and any loss of title must be reconciled either through the Seller or the appropriate Government Agency. AGREEMENT This Agreement is between the Bidder and the "Auctioneer" (Kruse Energy & Equipment Auctioneers, LLC) and shall be governed by and interpreted by the laws of the State of Texas. YARD NO. 1 - BUCKHANNON, WV Directions: From Pittsburgh, PA follow Route I-79 South to West Virginia Continue South on I-79 Approx 61 additional miles to Hwy 33/Hwy 119 (Exit #99) at Weston, WV. Turn left (East) on Hwy 33/Hwy 119N and proceed 10 miles. Turn left at WBUC Road, go about 40 yards to stop sign at unnamed road. Turn right and go 6/10 mile to Mud Lick Road. Turn left and proceed 2/10 mile to yard on left and yard annex on the right. CHECKOUT Thru Wednesday, December 21, 2011 (8 to 5) Including Weekends. Checkout Supervisors: TJ & Bea Washburn 903-985-0131 YARD NO. 2 - PUNXSUTAWNEY, PA Directions: From Pittsburgh, PA follow Route I-376 East through Pittsburgh to US Hwy 22. Proceed East on Hwy 22 Approx 30 miles to US Hwy 119N (about 2 miles East of Blairsville, PA). Go North on Hwy 119 Approx 42 miles to Punxsutawney, PA. Go through Punxsutawney approx 1 mile to yard on the right. CHECKOUT Thru Wednesday, December 21, 2011 (8 to 5) Including Weekends. Checkout Supervisors: Benny & Carolyn Hughes 432-413-8840 YARD NO. 3 - POCOLA, OK (Ft. Smith, AR) Directions: From the intersection of Arkansas Hwy 22 and I-540 (Exit 8) in Ft Smith, AR go Southwest on I-540 for 1.2 miles to exit #9 (this is the Ft. Smith Regional Airport exit). Continue Southwest on I-540 an additional 5.6 miles to the Oklahoma State line. The road number changed to “US Hwy 271” just before leaving Arkansas. Continue Southwest on Hwy 271 an additional 4/10 mile to Arkoma Exit (#1). Take this exit and circle back 2/10 mile to Hwy 112 (stop sign). Turn left and proceed 1/2 mile to the Union Drilling Co. yard on the left. CHECKOUT Thru Wednesday, December 21, 2011 (8 to 5) Including Weekends. Checkout Supervisors: Frank & Kay Locke 918-630-1769 YARD NO. 4 - ABILENE, TX Directions: On the East side of Abilene, TX on I-20 take exit #290 (Cross Plains & Loop 322 Exit). Follow Loop 322 South for Approx 5.9 miles to Maple Street Exit. Turn left on Maple St. and crossover Loop 322 to the first gate in the left at 5019 Maple Street. CHECKOUT Thru Wednesday, December 21, 2011 (8 to 5) Including Weekends. Checkout Supervisor: Virgil Graham 325-660-6062