There is a 5% total Buyer’s Fee which plus the 2% Internet Purchase Fee. In order to be approved for this auction, Proxibid and the Auctioneer require the following: • Your Proxibid account must be in good standing for US buyers • $5,000 credit card authorization deposit for all International buyers This auction requires a credit card validation as stated in the Terms & Conditions and it will be held for 7 days. I authorize Proxibid to charge this amount using the credit card information I have provided. I agree that I will pay, indemnify and hold Proxibid harmless against any liability pursuant to this authorization. I agree that I waive the right to dispute this charge with my credit card company without any limitations. I further agree to be held liable for any legal fees associated with the collection of these funds. Failure to pay for the item(s) that you are the successful bidder on will result in a penalty in the amount of 25% of the purchase price of the item(s). This penalty must be paid to the Auction Company within 48 hours of the auction. 1) There is a 5% total Buyer’s Fee plus the 2% Internet Purchase Fee. Failure to make payment in full to the Auctioneer will result in a Penalty charge of 25% of the sale price plus all buyer fees and Internet purchase fee. 2) Applicable State of TX Sales Tax will be charged on all Lots unless you are exempt from Sales Tax and you provide tax exemption form and exception certificates that are acceptable to the State of TX. 3) Payment in full must be made within 3 business days of the auction in the form Cash, Wire Transfer, Cashier's Check or a Company Check accompanied with a bank letter of guarantee. 4) All purchases must be removed from the premises within 2 weeks of the auction date. 5) Bidders are to be held personally liable for any bids made with their Bidding Number. 6) 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. 7) The Auctioneer and Proxibid accept no liability for loss or damage howsoever arising from any Lots not presented for sale. 8) The Auctioneer and Proxibid have described the Lot(s) in the catalog to the best of their ability and belief from information furnished by the Vendor(s) who shall be alone responsible for any error or miss-statement, which there may be. The Auctioneer and Proxibid undertake no liability whatever in respect of any faults, deficiencies and errors of any description, oral or printed, nor do they accept responsibility for the authenticity, genuineness, origin, age, condition or quality of any Lot(s) and all statements as to these matters whether contained in the catalog or made orally are statements of opinion only and not to be taken as being or implying a statement or representation of fact 9) Each and every Lot is sold 'as is, where is'. The Auctioneer and Proxibid provide no guarantees or warranties (express or implied) in respect of the Equipment contained in the Lot. All representations made by the Auctioneer and Proxibid, its servants or agents are to be considered lay opinions only and the Auctioneer and Proxibid accept no liability for any purchase made by a Buyer in reliance upon them. 10) The Buyer agrees to insure the Equipment purchased against all losses from the Auction Date until removal of the Equipment by the Buyer. 11) The Buyer acknowledges he/she has read and agrees to be bound by the additional terms and conditions set forth.