TERMS AND CONDITIONS OF SALE All persons participating in this auction are responsible to read, understand and comply with these Terms and Conditions of sale as specified herein and agree to be bound thereby. 1. Registration: All persons wishing to participate in the bidding process certify that they are not under the age of eighteen (18). 2. Buyer's Premium: Fifteen percent (15%) of the successful bid price will be added thereto and is payable by the purchaser as part of the purchase price. 3. Withdrawal from Sale: We reserve the right to withdraw any merchandise at any time before title passes to a purchaser. 5. Terms of Sale: All merchandise will be sold "as is", where-is and "with all faults". We do not make any representations, warranties or guarantees whatsoever whether written, oral or implied, as to quality, quantity, fitness or condition, usability, merchant ability, salability, weight, measurement, age or year, value, color, origin or composition of merchandise. Merchandise will be open for inspection prior to the sale and also during the sale, if possible. Buyers are to rely solely on their own inspection since all merchandise is sold "as is" and without representation, warranty or guarantee. We reserve the right to reject a bid from any bidder. The highest bidder acknowledged by the auctioneer shall be the purchaser of the item sold. Title passes upon the fall of the virtual hammer, or when the word "SOLD" is announced. The sale cannot be transferred and shall constitute a valid and binding agreement. Where a bid is made while the hammer is falling in acceptance of a prior bid, the auctioneer may determine the dispute in the auctioneer's sole discretion, and this decision shall be final and binding upon all parties. Good Time Auctions does not make and will not make any representation, warrant or guarantee of any kind whatsoever, whether implies, express or statutory, whether oral or written, regarding the value of any item. It is up to the individual at his or her expense, if desires, to determine the value of the items in question. The buyer shall not rely upon anyone's opinion of value whatsoever, whether given by the auctioneer or anyone else, but on the buyer's own opinion. Any opinion expressed by the auctioneer is strictly that of the auctioneer and shall not bind Good Time Auctions. Packing, handling and delivery of merchandise can be performed by us at additional cost to buyer; however, the entire risk of loss shall be with the buyer. If damage occurs during packing, handling or delivery, such damage shall not be a cause for cancellation, return of the item sold, or claim against us. We are not liable for any acts or omissions in packing or shipping merchandise handed by outside carriers or packers, including those we may recommend. Such carriers or packers may carry their own insurance directly to the carrier or packer. In no event whatsoever will our liability exceed the purchase price actually paid by a buyer for merchandise, and under no circumstances shall we be responsible for incidental or consequential damages. Unless prior arrangements have been made with Good Time Auctions, purchased auction lots need to be paid for on the day of the sale. All purchases are to be paid for by cash, Visa, MasterCard or other accepted credit cards. Auction lots cannot leave the auction house until they have been paid for. We reserve the right to refuse service and admission at our sole discretion. 6. Arbitration and Disputes: All costs of collection, including reasonable attorney's fees in connection with litigation and/or arbitration and bank charges resulting from dishonored payments shall be at the expense of the purchaser. Any dispute arising under or related to the conduct of the auction or sale of merchandise thereat, or is the result of any claim related to the merchandise offered an/or purchased thereat, shall be determined by arbitration before the American Arbitration Association, pursuant to the Commercial Arbitration Rules then in effect, such arbitration to be conducted in the Consolidated Municipality of Carson City, State of Nevada, and not by a lawsuit or resort to court process except as Nevada law provides for judicial review of arbitration proceedings. All bidders agree to such arbitration, and give up their constitutional right to have any such dispute decided in a court of law before a jury. NOTICE: BY SIGNING THIS CONTRACT YOU ARE AGREEING TO HAVE ALL ISSUES DECIDED BY MUTUAL ARBITRATION AND OR ARE GIVING UP YOUR RIGHT TO A JURY OR COURT TRAIL. Neither the auctioneer nor any other person acting at the auction shall exercise the right or power to override any of the written conditions set forth in this Terms and Condition of Sale. This instrument shall prevail and control in the event of any oral announcement to the contrary. 7. Shipping: Every sold auction lot by Good Time Auctions, that needs to be shipped will incur a $5.00 Handling fee on top of its actual shipping cost. If you purchase multiple lots, we will gladly combine shipping costs in order to save you money. Large items are not available for exporting out of the United States. If you have any questions, please contact us.