Cattle Terms and Conditions Payment Terms: Cash, Wire Transfer, Money Order, Cashiers Check, Visa and Mastercard. Payments must be made immedialtey after the sale. We will charge your card on file with proxibid unless payment arrangements are made PRIOR to the auction ending. Buyers Premium: 2% for Online and Phone Bids Start Time: April 1st at 10:00AM CST End Time: April 3rd starting at 6:00PM CST and staggering every 5 minutes after. Types of Bidding: Online Only- Phone Bids if set up 24 hours prior to auction end. Contact Information: Jeff Canterbury, Auctioneer IL Lic. 441.000104 217/341-3738 and Kristen Evans, Office Manager 217/414-3738 Terms and Conditions Bidding Each animal will be sold to the highest bidder. The auctioneer will settle any disputes as to bids, and his decision on such matters will be final. All sale lots will start at an opening bid, once that opening bid is received the lot will become an absolute. There will be NO RESERVE. You will be notified once you have placed a bid the status of your bid, that you are the high bid or if you have been outbid. Some lots may be “times the money”, such as Semen and Embryo lots. Registration All buyers must register for a bidder’s number through Proxibid.com in order to place bids on any auction animals. You may register to bid online by going to www.proxibid.com. By registering you agree to all of the terms and conditions as listed below and have read those terms and conditions. You also agree to pay a 2% buyer’s premium. Announcements If there is any inconsistency in the terms of any sale book, supplement sheet or day-of-sale announcement, (i) the day-of-sale announcement will control over both the supplement sheet and the sale book, and (ii) the supplement sheet will control over the sale book. Seller reserves the right to not execute the sale on any sale for any reasonable reason. TGP Auction and Seller’s also have the right to remove and animal at any point in time. Sale Ending Each sale lot will open for bidding on April 1st, 2012 at 10am CST and will end starting at 6pm CST April 3rd , 2012. Lots will close in 5 minute increments starting with Lot 1 closing at 6pm CST Sunday evening followed by Lot 2 at 6:05pm CST and so on and so forth until the last lots are sold. Note: As an auction item is reaching the end of its bid time, say less than 5 minutes and you place a bid, that auction item will be extended for an additional 5 minutes. However, that does not include the following lot, so if you are interested in two lots that are near each other in the auction don’t forgot that you will need to pay close attention to both lots as they may be ending within seconds of each other. Phone Bidding Buyers can choose to call Tallgrass Prairie (Jeff- 217/341-3738) or (Kristen 217-414-3738) to place either proxy bids or to bid live over the phone if you are without internet access or would simply feel more comfortable using a phone bidding method. DO NOT WAIT UNTIL THE LAST MINUTE! Phone bidders are still required to pay the same buyer’s premium of 2% and abide by all the terms and conditions as listed in this catalog. It is strongly encouraged that those who wish to use our phone bidding method call at least one day in advance to arrange for someone to call you when bidding on the animals you are interested in is getting ready to close. We will have multiple phone lines in use but those who call at the last minute may not be able to get through to someone in order to place a bid. Payment Method There are multiple payments methods; Visa, MasterCard, Wire Transfer, Cash, Cashier’s Check and Money Order. If you wish for us to use the Visa or MasterCard you have on file with proxibid, we will do so at immediately following the auction. Cash, Cashier’s Check and Money transactions must be approved prior to the auction ending, this can be done by simply emailing Jeff or Kristen with your payment information. kristen@tallgrassprairie.com or jeff@tallgrassprarie.com. Cash, Cashier’s Check or Money Orders must be received within 3 business days following the auction, no exceptions. Wire Transfers will be made the next banking business day and the buyer will need to email us for the account information. TGP Auction does have the right to hold animals until our bank has cleared your transaction. Transportation/Shipping We will do our best to assist you in providing transportation for your new purchase. Transportation cost will be the responsibility of the buyer. Shipping on Embryos and Semen is also the responsibility of the buyer. Please contact us prior to the sale ending to receive more information on Transportation and Shipping. Inspection Animals can be previewed and inspected prior to auction. Please contact Jeff or Kristen to view the animals prior to the auction. Jeff 217/341-3738 and Kristen 217/414-3738. Some animals are located on premise. Some of the flush animals and bulls are not located on site. Boarding or Delayed Shipments Please contact Jeff or Kristen if your animals will need boarding for delayed shipments. A small fee will apply. Buyer’s risk 1. The risk of loss and injury of each animal passes to the buyer as soon as it is sold; but it is the obligation of the seller to ensure that animals are fed and cared for free of charge to the buyer until loaded for shipment or until the expiration of 48 hours after the sale, whichever occurs sooner. 2. It is recommended that you purchase insurance on your animal(s), which TGP Auction can help you obtain if needed. Identification 1. The seller must ensure that each animal has a readable permanent identification mark (e.g., tattoo, hot-iron brand or freeze brand) corresponding to its registration. 2. The buyer must check all permanent identification marks for accuracy. 3. In those cases where a nickname is used by the seller, the nickname must also be accompanied by the official registered name and number of the animal. Certificate of Registration A transferred certificate of registration must be furnished by the seller free of charge to the buyer for each animal within 30 days following the later of the date of sale and receipt of full payment. Artificial insemination (AI) service certificates-Upon the buyer’s request, AI Service Certificates must be furnished by the seller free of charge to the buyer for all females bred artificially to bulls not owned by the seller. GUARANTEES Health Unless otherwise announced, the seller guarantees that all animals are eligible for interstate shipment as required by federal regulations. Conformance with Registration 1. The seller guarantees that all animals are registered under the rules of the American Lowline Association. 2. The seller guarantees to the buyer that all animals conform to the registration certificate as entered in the Herd Book of the American Lowline Association. Pedigree 1. The seller guarantees to the buyer that the pedigree, performance data and individual genetic defect designation of the animal, as represented in any sales materials (including any sale book, supplement sheet or day-of-sale announcement), is accurate. 2. In those cases where a commonly understood nickname is used by the seller, the seller guarantees the pedigree of the animal based on the commonly understood nickname. Sex Unless otherwise represented by the seller, there are no guarantees that offspring will be of a particular sex. Breeding Guarantees 1. The seller guarantees that all bulls are breeders, but only if such bulls are at least 12 months old at the time of sale and have not been allowed to run with the herd until at least 14 months of age. A bull that settles a cow by natural service and passes a fertility test made by a competent veterinarian mutually agreed upon by the buyer and the seller, during any six-month period of trial (provided for in paragraph 3 of the section entitled “Options and privileges of return or adjustment”) will be considered a breeder. Unless otherwise agreed by the buyer and the seller, the seller makes no guarantees with respect to the ability to freeze semen. 2. The seller guarantees that all animals are breeders, with the exception of: (a) calves under 12 months of age at the time of the sale; (b) animals shown after the sale has occurred (in such cases, the breeding guarantees, if any, will be those guarantees as are agreed upon between the seller and the buyer); (c) injury or disease occurring after the sale; and (d) gross negligence or willful misconduct on the part of the buyer. 3. Cows with calves at their side are presumed to be breeders with no further fertility guarantee. 4. “Safe-in-calf” females are guaranteed by the seller to have been examined by a competent veterinarian or blood test and determined to be in calf. 5. “Served” females are not guaranteed to be in calf. 6. “Pasture-bred” females have been exposed but are not guaranteed to be in calf. 7. “Open” females have not been served and are guaranteed by the seller to be without calf. 8. Donor females: a. Unless otherwise agreed by the buyer and the seller, a female that has been used in an embryo transfer program is not guaranteed to be a breeder after the date of the sale. b. Unless otherwise agreed by the buyer and the seller, a female is not guaranteed to be a breeder after the date of the sale, when that female is to be used, or attempted to be used, in an embryo transfer program. 9. The seller makes the following guarantees with respect to all “pregnant recipients”: (i) that the female is pregnant, (ii) that the resulting calf is of the pedigree represented, and (iii) that the resulting calf is of the sex represented (if so represented). Semen Unless otherwise agreed by the buyer and the seller, with respect to the sale of semen the seller makes no guarantees with respect to the performance or characteristics of such semen and the buyer is purchasing such semen “as is.” Please see each Semen lot to get information on Certificates and Pricing. Embryos Unless otherwise agreed by the buyer and the seller, with respect to the sale of embryos the seller makes no guarantees with respect to the performance or characteristics of such embryos and the buyer is purchasing such embryos “as is.” Please see each Embryo lot to get information on Certificates and Pricing. Options and Privileges of Return or Adjustment 1. Except as provided in paragraph 2 of this section, all claims for adjustment or refund must be made in writing on or before the later of (i) six months after the sale date and (ii) the date on which the animal reaches 30 months of age. 2. All claims relating to the misrepresentation of service sire and all claims relating to paragraphs 7 and 8 of this section must be made in writing on or before the second anniversary of the date of sale. 3. If an animal is claimed to be a non-breeder, the animal may be returned to the seller if in good condition and complying with the health requirements of the seller’s state. The seller is entitled to six months trial following the return of the animal in which to prove that the animal is a breeder. If at the end of the six-month period the seller is unable to prove the animal is a breeder, the seller must, at the option of the buyer, replace the animal with another of equal value or refund the purchase price. The return of the full purchase price will be deemed full satisfaction and settlement. Any expense incurred for transporting an animal claimed to be a non-breeder will be the responsibility of the buyer, except that the seller will be responsible for transportation costs in excess of the distance between the buyer’s farm and the location where the sale took place. If the seller proves the animal to be a breeder, it will be the obligation of the buyer to take delivery of the animal and pay all transportation expenses. 4. If a female sold as “safe in calf” proves not to be in calf, the buyer may receive service from the bull previously used, if available. If the bull is not available, the seller must make a satisfactory adjustment on the purchase price to the buyer or, at the buyer’s option, refund the purchase price upon return of the animal to the farm of the seller. Any adjustment provided for in this paragraph will absolve the seller from further liability, except in if such female proves to be a non-breeder. If a female represented as “safe in calf” to a certain bull at the time of sale proves to have been bred to a different bull, the seller must make a satisfactory adjustment on the purchase price to the buyer or, at the buyer’s option, refund the purchase price upon return of the animal to the farm of the seller (adjustments will not be considered to be a breeding fee or an allocation of the purchase price to any unborn calf). 5. If a female sold as “open” proves to be with calf, the buyer may return the animal to the farm of the seller prior to calving for a refund of the full purchase price or for another animal of equal value, whichever is acceptable to the buyer. The Seller is responsible for all transportation expenses. 6. If an animal (including the offspring of a pregnant recipient) is sold and at a later date proves not to have been eligible for registration under the rules of the American Lowline Association, the seller must make a satisfactory adjustment on the purchase price to the buyer, or at the option of the buyer, refund the purchase price upon the return of the animal to the farm of the seller. 7. If (i) an animal is sold (including the offspring of a pregnant recipient) and through DNA-markertyping is proven to have incorrect parentage, as represented by the certificate of registration, and for which parentage can be determined, or (ii) the resulting calf of a pregnant recipient is not of the sex represented, the seller is obligated to make a satisfactory adjustment on the purchase price to the buyer or, at the buyer’s option, refund the purchase price upon the return of the animal to the farm of the seller. 8. Except as provided in paragraphs 3 and 5 of this section, all transportation expenses incurred will be the responsibility of the buyer, except that the seller will be responsible for transportation costs in excess of the distance between the buyer’s farm and the location where the sale took place. MISCELLANEOUS 1. The above terms and conditions of sale constitute a contract between the buyer and the seller of each animal and are equally binding upon both parties. Each sale or resale of an animal constitutes a separate transaction. 2. Neither the sponsor or sponsors, the sale manager, nor any other person connected with the management of the sale, assumes any liability, legal or otherwise. 3. These sale terms and conditions and all rights, obligations and duties arising hereunder and all disputes arising hereunder will be construed in accordance with, and governed by, the laws of the state in which the sale of the animal or animals occurs, without giving effect to such state’s choice of law rules. Seller reserves the right to not execute the sale on any sale for any reasonable reason. TGP Auction and Seller’s also have the right to remove and animal at any point in time. Governing Law The sale and all transactions between the buyer and seller will be governed by the laws of the State of Illinois and the venue of any dispute resolution proceeding shall be Menard County. UNLESS OTHERWISE EXPRESSLY STATED IN THESE SALE TERMS AND CONDITIONS OR ANY OTHER WRITTEN AGREEMENT BETWEEN THE PARTIES RELATING TO THE SALE OF LOWLINE CATTLE UNDER THESE SALE TERMS AND CONDITIONS, SELLER MAKES NO OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, EVEN IF SUCH PURPOSE IS KNOWN TO THE PARTIES. THE REMEDIES PROVIDED IN THESE SALE TERMS AND CONDITIONS ARE THE EXCLUSIVE REMEDIES OF THE BUYER, OR ANY PARTY CLAIMING THROUGH THE BUYER, AND UNDER NO CIRCUMSTANCES WILL THE SELLER BE LIABLE FOR ANY INCIDENTAL, INDIRECT, SPECIAL, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES UNDER ANY INDEMNITY PROVISION OR OTHERWISE.