ALMCO - RPW36E CABINET PARTS WASHER SN. 214004

GT Advanced Technologies (GTAT) auction ending July 8, 2015

Mesa, AZ Location: 3740 S. Signal Butte Rd., Mesa, AZ 85212

This auction is conducted by Cunningham & Associates, Inc. (C&A) in cooperation with BidIndustrial.com, LLC, The Arizona Auctioneers and BidSpotter.com

Inspection Procedures:

Any bidder who wishes to inspect the assets must be registered for this auction with BidSpotter and must sign a non-disclosure agreement (NDA) prior to entering the main production facility.  Only one bidder per bid number may enter the production facility.  Please leave bags, cameras and cell phones in your car.  If there is something specific that you would like a photo of one of our associates will take the photo and email or text it to you.  You may download and print your own auction catalog, or we will provide one for you, you may use this to take notes during the tour.  We will have two guides to escort four groups of 10 bidders per day through the entire auction or if you are only interested in the smaller assets like the inspection equipment this will be a separate and shorter guided tour; we will have one guide to escort four groups of 10 per day through this shorter tour.

We will have guided tours Thursday July 2, Friday July 3, Monday, July 6 and Tuesday July 7.  THESE WILL BE THE ONLY INSPECTION DAYS

Full tours starting 9A and 1P each day (Arizona Time)

Short tours starting 9A, 11A, 1P, and 3P each day (Arizona Time)

After you register to bid you will receive and email from info@bidindustrial.com giving you a choice of inspection day and time.

Load Out Procedures:

Mesa, AZ location

Group A:

Bidders who do not purchase any single lot item for more than $20,000, or any item which requires rigging, may pay for and pick up ALL their items once approved for removal from the facility by a GTAT authorized representative.  All individuals must provide name and photo ID to C&A representative at least two hours prior to arriving at the facility for load out.  If you cannot pick up ALL your items in one day you will be placed in Group B and will be required to make an appointment for load out, see Group B procedures below.  Load out for Group A will be on a first come first serve basis.  An auction associate must escort every buyer.  We will have a reservation system so when you arrive to pay, if there is a long wait time, you will be able to enter your name; we will do our best to estimate your wait time; this will allow you to leave and come back at a later designated time if you wish.

Group B:

Bidders who buy any single lot item for more than $20,000 or any item which requires rigging will need to pay in full for all purchases by the payment deadline.  At the time of payment we will give you a few different load out day options to choose from, you may require several days and we will work with your schedule and that of the designated rigging company to accommodate you as best we can.  You will need to coordinate with the designated rigging company on items that require rigging.   Smaller items that you may have purchased for less than $20,000 must remain at the site until your designated load out day(s).

Load Out Procedures for the New Hampshire locations to be announced soon…

Auction Terms and Conditions:

REGISTRATION: All bidders are required to register and provide the necessary information requested. A major credit card is required to bid online. A $250.00 authorization will be placed on the bidder’s credit card account to verify identity and ability to pay. Said hold will be reversed within 48 hours of the end of the auction if not a successful bidder with regard to items. If you are a successful bidder, the hold will remain until payment has been made in full.  Bidders are responsible for all purchases made with his/her number, whether by the registered bidder or by anyone he/she might allow to use their number.  Bidders acknowledge and agree that they have read and fully understand the Terms and Conditions of this Auction, and agree to be bound thereby

TERMS: All purchases require PAYMENT-IN-FULL prior to removal and before 2:00 pm Arizona time on second business day following the auction. CASH, CASHIER’S CHECK, or WIRE TRANSFERS accepted.

BUYERS PREMIUM:  18%

SALES TAX: Unless an Arizona tax resale license is provided at time of payment, the purchaser will be required to pay the combined Arizona State and local sales tax totaling 8.3%. Out-of-state purchasers will not be charged sales tax if the items are shipped to the bidder’s out of state location by the bidder. Proof of out-of-state residency must be provided.

EXPENSES: Each bidder shall bear his/her own costs and expenses in connection with the Auction, whether or not a sale is ultimately consummated.

DEFAULT: In the event the winning bidder with respect to a particular item or items fails to consummate the proposed transaction within 5 days of the auction, the bidder will forfeit his/her deposit.  In default, the second highest bidder may be given the option to become the successful bidder at his/her last bid. The bidder in default will be responsible for the difference in the bids, or the entire amount of his/her bid should the second highest bidder not take the option to become the successful bidder.  A service charge of 1-1/2% per month, 18% APR, will be added to all overdue accounts. C&A and GTAT reserve the right to pursue all available remedies against a bidder in default.  The bidder in default is also liable for all legal and collection fees.

PAYMENT DEADLINE:  An account becomes overdue at 2:00pm Arizona Time on the second business day following the auction if the total has not been paid in full.

NO WARRANTY: Everything in this auction is being sold “AS IS – WHERE IS” to the highest bidder, without warranty or guarantee of any kind. ALL SALES ARE FINAL. There is no warranty relating to title, possession, quiet enjoyment or the like in this disposition. Neither C&A nor GTAT is responsible for missing or broken items after the auction has ended, ABSOLUTELY NO REFUNDS.

CONDITION OF ITEMS SOLD: C&A shall not be responsible for the correct description, authenticity of, or defect in any lot, and makes no warranty in connection therewith. No allowance will be made or sale set aside on account of any incorrectness, error in cataloging, or any imperfection not noted. No deduction will be allowed on damaged articles as all goods being exposed for public exhibition are sold “as is” and without recourse.

SALES LIST: The sales list is furnished by C&A as a guide only. No guarantee as to the accuracy or description is made. C&A reserves the right to withdraw from the sale any property listed and also to add property not listed to the sale at any time before the sale is consummated. C&A reserves the right to sell the property listed in bulk.

REMOVAL: All items require PAYMENT-IN-FULL and an authorized receipt prior to removal. Items that do not require rigging must be removed from the premises by 4:00 PM the second business day following the auction. Larger items that require rigging or special equipment must be scheduled by appointment and the rigging company approved by GTAT must be used; and removal shall be at the expense, liability and risk of the purchaser. C&A associates will assist in finding your assets for load-out. C&A associates may help you load your assets although it is YOUR responsibility to bring your own assistance to load-out the items you have purchased. It is a courtesy to help you load out, ONLY if time permits. Our personnel are not required to help you load-out.

STORAGE FEES: A $15.00 storage fee per lot will be charged per day if the items are not picked up by the designated times. Storage fees must be paid prior to removal of the items.  NOTE: even if items are paid in full but not picked up within 10 days of the designated time, the items will be deemed abandoned and will become the property of GTAT and no refund shall be provided.

SHIPPING: Bidders are responsible for the shipping of all items purchased.  There will be ONE RIGGING COMPANY available for rigging of all machinery and large equipment.  There is a general contractor that has be assigned by GTAT and they will be doing all of the break down of electrical and mechanical for all machinery and equipment.  The Buyer will be responsible for the costs associated with these activities.  The cost of break down and moving the machinery to the loading dock will be shown in the description of each machine.  This cost will be added to the price of each machine and is not negotiable.  Coordination of removal of the machinery will be between the BUYER, the rigger and C&A and will be on a scheduled basis. GTAT will have ONE FORKLIFT and FORKLIFT OPERATOR available for moving smaller items; the FORKLIFT will only be operated by GTAT personnel and this service will be scheduled through C&A.  Please contact auctioneer@auctionaz.com or 888-777-9888 for load out scheduling or questions.

FOREIGN BUYERS – SHIPPING – ADDITIONAL TERMS:  Foreign buyers must contract with a U.S. citizen as their buying representative.

PERSONAL AND PROPERTY RISK: Persons attending the auction preview, during exhibition, or at the time of removal of purchases assume all risks of damage of or loss to person or property and specifically release C&A from liability therefor. Neither C&A nor its principal(s) nor GTAT shall be liable by reason of any defect in, or condition of, the premises at which the preview or sale is held.

DISPUTE BETWEEN BIDDERS: If any dispute between bidders occurs, C&A may decide to put the lot up for sale again. C&A’s decision is final and absolute.

NOTE TO ALL BIDDERS: EACH BIDDER MUST UNDERSTAND WHAT HE/SHE IS BIDDING ON AND HOW IT IS BEING SOLD. NO REFUNDS.

RECORD: The record of sale that is kept by C&A or its clerk shall be binding and determinative in the event of a dispute.

Bid increments will be as follows:

CURRENT BID                          INCREMENT

• 0-50                                        $1
• 50-200                                    $10
• 200-500                                 $25
• 500-1000                               $50
• 1000-5000                             $100
• 5000-10000                           $250
• 10000-50000                        $500
• 50000-100000                      $1000
• 100000-500000                    $2500